Zeon Properties sold about RM80mil of properties from the developers it was representing.

The projects exhibited by Zeon were Ewein Zenith’s City of Dreams in Gurney Drive, Aroma Development Sdn Bhd’s Starhill in Sungai Ara, Bionic Land Bhd’s Prominence in Butterworth, Trimension Properties’ GMansion in Bukit Gambier and KB Group’s Sang Sarang in Lumut.

Its chief executive officer Leon Lee said the sales generated this time showed that there was still confidence in the local property market, which would be boosted once the Penang Transport Master Plan, which promises an LRT system and trams, was realised.

“In a time when prices of goods are going up, the property sector is still the best hedge against inflation.

“Most of the properties that are in demand are those priced below RM1mil,” he said.

Mah Sing Group Bhd chief executive officer Ng Chai Yong said the group managed to obtain over 1,000 registrations for its properties.

Mah Sing showcased Kuala Lumpur projects such as the Lakeville Residence, Southville City@KL South and MCity.

EcoWorld Development Group Bhd general manager Khoo Teck Chong said they achieved their target of RM20mil in sales for both the Eco Meadows and Eco Terraces projects, located in Bukit Tambun and Paya Terubong respectively.

The Eco Meadows, comprising double-storey terraces, is a gated and guarded project, equipped with clubhouse facilities and located close to the first and second Penang bridges.

“Bukit Tambun is very close to Batu Kawan, where notable projects such as the Eco World Premium Golf Resort, Columbia Hospital, Hull University and The SME Village are being carried out,” Khoo said.

Asia Green director Tan Li Mei said the group sold RM10.4mil worth of properties from its Clovers condominium project in Sungai Ara.

“The project is over 80% sold,” she added.

Ideal Property general manager (sales and marketing) Nancy Teo said the sales were better than expected.